Renaissance Technologies LLC Grows Position in Xperi Inc. (NASDAQ:XPER)

Renaissance Technologies LLC grew its stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 751,883 shares of the semiconductor company's stock after acquiring an additional 68,310 shares during the period. Renaissance Technologies LLC owned 1.68% of Xperi worth $7,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in Xperi during the 3rd quarter worth $153,000. Barclays PLC lifted its position in Xperi by 197.0% during the third quarter. Barclays PLC now owns 69,991 shares of the semiconductor company's stock worth $646,000 after purchasing an additional 46,426 shares during the period. Geode Capital Management LLC grew its stake in Xperi by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company's stock worth $9,643,000 after buying an additional 17,498 shares in the last quarter. Franklin Resources Inc. increased its holdings in Xperi by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 75,683 shares of the semiconductor company's stock valued at $669,000 after buying an additional 8,254 shares during the period. Finally, Silverleafe Capital Partners LLC bought a new stake in shares of Xperi during the 4th quarter worth approximately $200,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Xperi Stock Up 3.1 %

Xperi stock traded up $0.22 during trading hours on Thursday, hitting $7.25. The stock had a trading volume of 158,158 shares, compared to its average volume of 476,575. The business's 50 day simple moving average is $7.69 and its 200-day simple moving average is $8.79. The stock has a market cap of $330.01 million, a price-to-earnings ratio of -3.81 and a beta of 1.29. Xperi Inc. has a one year low of $6.29 and a one year high of $11.39.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BWS Financial reissued a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, February 27th. StockNews.com raised Xperi from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $15.00 target price on shares of Xperi in a report on Thursday, February 27th.

Xperi Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.